Cuadrilla Resources Aiming for Production in 2014

Bloomberg reported that Cuadrilla Resources Ltd., a UK-based shale gas explorer, expects to be able to begin work this year and start gas production in 2014 following a delay caused by minor earthquakes.

Cuadrilla, which says it’s found more natural gas trapped in the local shale rock than Iraq has in its entire reserves, plans to pursue hydraulic fracturing in three wells by the end of this year. The program hinges on getting final approval from Britain’s energy department, which called for an assessment of fracking after two tremors in the area last year.

Click here to read the full Bloomberg report.